Weekly Report (August 11-17, 2023) on the Second Tranche of Stellantis Share Buyback Program
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Texas EV owners prepare as additional fees kick in Sep. 1st
August 22, 2023 2:30 PM EDTTexas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.
Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More
Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B
August 21, 2023 3:11 PM EDTAnderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.
The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More
Stellantis (STLA) threatened to move RAM 1500 production to Mexico, union leader says
August 21, 2023 2:36 PM EDTUnited Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis (NYSE: STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.
The threat comes as contract negotiations for thousands of autoworkers have reached a near boiling point. The UAW will hold a vote this week to award... More
